AXA Private Equity acquires a stake in Arkadin
AXA Private Equity has agreed to acquire a 45 per cent stake in Arkadin, a provider of collaboration services.
The transaction, which sees AXA Private Equity working alongside Olivier de Puymorin, founder and chief executive of the company, follows the exit by the historical investors, Apax Partners, Altamir Amboise, Innovation Capital and UFG-Siparex, which supported Arkadin during the first stage of its development.
The deal is subject to anti-trust agreement and is scheduled to close by the end of July 2012.
Founded in France in 2001, Arkadin provides a range of remote collaboration solutions (audio, web and video conferencing services). The company has 1,000 employees in 29 countries and generated turnover of EUR159m in 2011.
Arkadin’s development strategy has historically been based on organic growth and partnerships with telecom operators and global technology companies such as Microsoft and Cisco-Webex. In 2011, Arkadin executed a significant transaction in the US with the acquisition of ConferencePlus.
AXA Private Equity help support Arkadin’s growth strategy as it looks to strengthen its position in the US and Europe. The company will also accelerate its development in the faster-growing emerging markets of Asia and Latin America.
François Jerphagnon, managing director at AXA Private Equity, says: "The management team at Arkadin shares a common corporate culture with AXA Private Equity and we look forward to helping them take the business to the next level. The model set up by Olivier de Puymorin, based on strong values and shared by all Arkadin’s employees is testament to the company’s success in a rapidly expanding market.”
De Puymorin says: "The expertise of AXA Private Equity’s teams, combined with the firm’s international reach across Europe, the US and Asia, will be a major advantage as we look to continue our international development. This partnership will allow us to offer global solutions for collaboration services to our international customer base."
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